Canaccord Genuity Group Reaffirms “Buy” Rating for BTGO (NYSE:BTGO)

BTGO (NYSE:BTGO)‘s stock had its “buy” rating reissued by Canaccord Genuity Group in a research note issued on Friday,Benzinga reports. They presently have a $15.00 price objective on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 95.19% from the company’s previous close.

BTGO has been the subject of several other reports. Clear Str upgraded BTGO to a “strong-buy” rating in a report on Tuesday, February 17th. Wedbush initiated coverage on BTGO in a report on Tuesday, February 17th. They set an “outperform” rating and a $15.00 price objective on the stock. Rosenblatt Securities started coverage on BTGO in a research report on Tuesday, February 17th. They issued a “buy” rating and a $17.00 price objective for the company. Craig Hallum started coverage on BTGO in a research note on Tuesday, February 17th. They set a “buy” rating and a $18.00 target price for the company. Finally, Citigroup dropped their target price on shares of BTGO from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, BTGO has an average rating of “Moderate Buy” and an average price target of $15.59.

BTGO Trading Down 15.5%

BTGO opened at $7.69 on Friday. The stock has a fifty day moving average price of $10.86. BTGO has a twelve month low of $7.60 and a twelve month high of $24.50.

BTGO (NYSE:BTGO) last issued its quarterly earnings data on Thursday, March 26th. The company reported ($1.03) EPS for the quarter. The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.11 billion.

Insider Buying and Selling

In related news, CFO Edward Reginelli sold 45,000 shares of BTGO stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $16.74, for a total value of $753,300.00. Following the sale, the chief financial officer owned 539,000 shares of the company’s stock, valued at approximately $9,022,860. The trade was a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeff Peter Horowitz sold 116,007 shares of BTGO stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $16.74, for a total value of $1,941,957.18. Following the completion of the sale, the insider directly owned 311,118 shares in the company, valued at approximately $5,208,115.32. This represents a 27.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 436,007 shares of company stock worth $7,298,757 over the last 90 days.

BTGO News Summary

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: BitGo announced a partnership with zkSync to build a tokenized deposit platform for banks — a product initiative that could expand addressable market and revenue diversification if adoption and regulatory testing proceed as planned. BitGo (BTGO) Partners with ZKsync to Launch Tokenized Deposit Platform for Banks
• Positive Sentiment: BitGo reported a strong Q4 with revenue jumping substantially (reported as a >400% increase in some coverage) and beat expectations; the company also highlighted its new status as a federally chartered digital asset infrastructure firm — facts that support longer‑term growth thesis. BitGo Holdings Announces Fourth Quarter and Full Year 2025 Financial Results
• Neutral Sentiment: Several sell‑side firms continue to carry buy/overweight ratings with mid‑teens price targets (Canaccord, Rosenblatt, Wedbush, Cantor Fitzgerald reaffirmed/maintained bullish views), indicating some analysts still see multi‑quarter upside despite near‑term volatility. BitGo Holdings Analysts Cut Their Forecasts After Q4 Results
• Negative Sentiment: Multiple analysts lowered forecasts and trimmed price targets after the Q4 release; notably Goldman Sachs cut its target and moved to a neutral rating — those downgrades and lowered targets helped trigger selling pressure despite the beat. BitGo Holdings Analysts Cut Their Forecasts After Q4 Results

BTGO Company Profile

BitGo Holdings Inc is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins and settlement services from regulated cold storage. BitGo Holdings Inc is based in NEW YORK.